Miguel and Rafaela Were Developing a Risk Management Plan for Their

Multiple Choice

Miguel and Rafaela were developing a risk management plan for their company following the COSO framework.One of the company's goals is to have sufficient cash available for operations; that goal had been difficult to achieve due to seasonal fluctuations in sales.To reduce that risk, Miguel and Rafaela recommended their company invest some cash in short-term securities that could be liquidated quickly and easily.Which element of the COSO framework is most related to their recommendation?

A) Internal environment
B) Monitoring
C) Control activities
D) Risk response